Profile: Exterran Partners LP (EXLP.O)
Exterran Partners, L.P., incorporated on June 14, 2006, provides natural gas contract operations services to customers throughout the United States. The Company engaged in acquiring certain contract operations customer service agreements and a compressor fleet used to provide compression services under those agreements. Exterran General Partner, L.P., its general partner, is an indirect, wholly owned subsidiary of Exterran Holdings, Inc. (Exterran Holdings). Exterran GP LLC is the general partner of Exterran General Partner, L.P., which conducts the Company’s business and operations. In April 2013, the Company has completed the acquisition of compression assets from Exterran Holdings. In August 2014, Exterran Partners LP completed the acquisition of compression assets from MidCon Compression, L.L.C.
In March 2013, it acquired from Exterran Holdings contract operations customer service agreements with 50 customers and a fleet of 363 compressor units used to provide compression services under those agreements, consisted of approximately 256,000 horsepower of the combined the United Sates contract operations business of Exterran Holdings and it (the March 2013 Contract Operations Acquisition). In addition, the acquired assets included 204 compressor units, consists of approximately 99,000 horsepower previously leased from Exterran Holdings to the Company, and a natural gas processing plant with a capacity of 10 million cubic feet per day used to provide processing services pursuant to a long-term services agreement.
The Company provides contract operations services, which include its provision at the customer’s location of the personnel, equipment, tools, materials and supplies to meet its customers’ natural gas compression needs. These services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide compression and other services to its customers. The Company also monitors its customers’ compression services requirements over time. It utilizes both slow and high speed reciprocating compressors driven either by internal natural gas fired combustion engines or electric motors. The Company also utilizes rotary screw compressors for some applications. The Company and its customers contract for its contract operations services on a site-by-site basis.
Exterran Partners LP
16666 Northchase Drive
HOUSTON TX 77060